Not in the sense of setting laws for countries/nations, no it’s not. However it does indeed set protocol for its member banks, I.e. — the central banks that belong to it.

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Anyway, I’d love for this to be the case, but I’m wondering how these resistance efforts will be achieved. Perhaps this will ne among the heaviest-hitting issues that accumulate as reasons for succession among many, mostly right-leaning, states in the U.S.